International shipping industry news? You’ll find it in Global Trade. Check out trade articles about ocean carriers and port destinations.
Ocean carriers have become the standard for connecting trading partners from different geographies, especially when large volumes of freight must be sent over significant distances. Freight costs on carriers are among the lowest available, making these remarkable ocean liners the preferred choice for shipments that are not adversely impacted by a longer transportation time – anywhere from 10 to 30 days. However, maintaining these lower costs has been a challenge in an asset-heavy, highly competitive industry that requires considerable financial investment – not just in the ships themselves, but in fuel and carriers as well. This may be one reason why many major carriers have expanded their services to also incorporate freight consolidation, warehousing, and truck and rail service, so shipments can literally now be made door-to-door rather than port-to-port.
Japanese Shipping Giants NYK and MOL Suspend Transit Through Strait of Hormuz
Two of the world’s largest shipping operators, Japan’s NYK Line and Mitsui O.S.K. Lines, have suspended all vessel transits through… Read More
More Ultra-Large Ships for ‘Mega’ Ocean Three Alliance
China Shipping Container Lines Co. (CSCL) reportedly intends to buy 10 ultra-large ships for $1.5 billion to help the company… Read More
CaroTrans’s New Cargo Service Links India and Charleston
Global NVOCC and ocean freight consolidator CaroTrans, is offering a new, direct LCL (less-than container load) import service from Nhava… Read More
Tianjin Explosions Will Hike Insurance Rates
The explosions that rocked the Chinese port of Tianjin in mid-August will likely result in higher property insurance rates thanks… Read More
Arctic Summit is About More Than Climate Change
When President Barack Obama became the first U.S. president to visit north of the Arctic Circle yesterday, it was climate… Read More
Intermarine Opens Quito Office
Intermarine, LLC, a provider of project, breakbulk, and heavy lift ocean transportation and marine logistics services, has opened an office… Read More
East-West Liner Reliability Slips for First Time in Six Months
Breaking a run of six consecutive months of improvement, container service reliability across the three main east-west trades declined in… Read More
Strong Supply Threatens to End Heyday for Tanker Owners
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings… Read More
Challenging Times Ahead for LNG Shipping
Liquefied natural gas carrier freight rates have come under severe pressure due to rising fleet supply and stabilizing LNG demand,… Read More
China Slowdown Means Fewer Container Shipments Globally
China’s economy is projected to grow through 2016 at a clip most countries only dream of. But the combination of… Read More
More Refrigerated Cargo Moving On Reefer-Capable Containerships
The global fleet of dedicated refrigerated cargo ships is shrinking in size and shows no signs of reversing in the… Read More
Possible Merger of China Ship Lines: The Good News and the Bad
The possibility that China could merge its two national carriers China Ocean Shipping Co. (Cosco) and China Shipping Container Lines… Read More
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